Latrobe Art Center

Latrobe Art Center shows stable asset growth and no reported officer compensation, despite a recent operating deficit.

EIN: 20610614 · Latrobe, PA · NTEE: A20 · Updated: 2026-03-28

$656KRevenue

$659KAssets

85/100Mission Score (Excellent)

A20

About Latrobe Art Center

Latrobe Art Center (EIN: 20610614) is a nonprofit organization based in Latrobe, PA, classified under NTEE code A20. The organization reported total revenue of $656K and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latrobe Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Latrobe Art Center demonstrates a generally stable financial position over the past decade, with assets growing from $192,181 in 2014 to $406,912 in 2023. While revenue has fluctuated, the organization has consistently maintained a healthy asset base relative to its liabilities, which have remained low, typically under $10,000. The most recent filing (2023) shows expenses ($354,665) exceeding revenue ($295,271), resulting in a deficit for that year, which warrants monitoring. However, this follows several years of positive net income, suggesting a strategic use of reserves or a temporary operational adjustment.

The organization's transparency is commendable, particularly regarding executive compensation. The consistent reporting of 0% officer compensation across all available filings indicates that the leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong indicator of resource dedication to mission. This practice, combined with regular IRS 990 filings, suggests a commitment to public accountability. The NTEE code A20 (Arts, Culture, Humanities - General) aligns with its name, indicating a clear mission focus.

Overall, Latrobe Art Center appears to be a financially sound organization with a strong commitment to its mission, as evidenced by its asset growth and lack of reported officer compensation. The recent deficit in 2023 should be observed in future filings, but it does not immediately signal a significant financial distress given the organization's historical performance and asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Latrobe Art Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Latrobe Art Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer roles, which is highly efficient for a nonprofit of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Latrobe Art Center's IRS 990 filings:

Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $59,394.

Strengths

The following positive indicators were identified for Latrobe Art Center:

Consistent asset growth over the past decade, from $192,181 in 2014 to $406,912 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
Low liabilities relative to assets, demonstrating sound financial management.
Consistent filing of IRS 990 forms, indicating transparency and compliance.

Frequently Asked Questions about Latrobe Art Center

Is Latrobe Art Center financially stable?

Yes, despite a deficit in 2023, the organization has shown consistent asset growth from $192,181 in 2014 to $406,912 in 2023 and maintains low liabilities, indicating overall financial stability.

How does Latrobe Art Center manage executive compensation?

The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led executive team or compensation structured in a way that minimizes overhead, which is a positive sign of efficiency.

What was Latrobe Art Center's financial performance in 2023?

In 2023, Latrobe Art Center reported revenue of $295,271 against expenses of $354,665, resulting in an operating deficit for that year.

Filing History

IRS 990 filing history for Latrobe Art Center showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Latrobe Art Center's revenue has grown by 16.4%, moving from $254K to $295K. Total assets increased by 192.2% over the same period, from $139K to $407K. Total functional expenses rose by 104.9%, from $173K to $355K. In its most recent filing year (2023), Latrobe Art Center reported a deficit of $59K, with expenses exceeding revenue. The organization holds $7K in liabilities against $407K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $400K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$295K	$355K	$407K	$7K	—	—
2022	$358K	$325K	$465K	$6K	—	View 990
2021	$370K	$322K	$432K	$5K	—	View 990
2020	$364K	$259K	$384K	$5K	—	View 990
2019	$361K	$322K	$283K	$9K	—	View 990
2018	$301K	$282K	$243K	$10K	—	View 990
2017	$336K	$298K	$223K	$8K	—	View 990
2016	$326K	$329K	$186K	$9K	—	View 990
2015	$339K	$342K	$190K	$11K	—	View 990
2014	$391K	$374K	$192K	$10K	—	View 990
2013	$374K	$357K	$183K	$18K	—	View 990
2012	$332K	$303K	$155K	$7K	—	View 990
2011	$148K	$163K	$124K	$5K	—	View 990
2011	$254K	$173K	$139K	$5K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $295K, expenses of $355K, and assets of $407K (revenue -17.5% year-over-year).
2022: Revenue of $358K, expenses of $325K, and assets of $465K (revenue -3.4% year-over-year).
2021: Revenue of $370K, expenses of $322K, and assets of $432K (revenue +1.7% year-over-year).
2020: Revenue of $364K, expenses of $259K, and assets of $384K (revenue +0.8% year-over-year).
2019: Revenue of $361K, expenses of $322K, and assets of $283K (revenue +19.9% year-over-year).
2018: Revenue of $301K, expenses of $282K, and assets of $243K (revenue -10.4% year-over-year).
2017: Revenue of $336K, expenses of $298K, and assets of $223K (revenue +3.0% year-over-year).
2016: Revenue of $326K, expenses of $329K, and assets of $186K (revenue -3.7% year-over-year).
2015: Revenue of $339K, expenses of $342K, and assets of $190K (revenue -13.3% year-over-year).
2014: Revenue of $391K, expenses of $374K, and assets of $192K (revenue +4.4% year-over-year).
2013: Revenue of $374K, expenses of $357K, and assets of $183K (revenue +12.9% year-over-year).
2012: Revenue of $332K, expenses of $303K, and assets of $155K (revenue +124.2% year-over-year).
2011: Revenue of $148K, expenses of $163K, and assets of $124K (revenue -41.7% year-over-year).
2011: Revenue of $254K, expenses of $173K, and assets of $139K.

Data Sources and Methodology

This transparency report for Latrobe Art Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.